Protecting Clients’ Financial Futures Through Debt Negotiations

Bankruptcy is not for everyone and it is not necessarily the best solution in all debt situations. You may be ethically opposed to filing for bankruptcy and seek alternative debt relief solutions. You may feel unable to file for bankruptcy at this time because of a pending divorce or other financial or personal reasons. Or maybe your debt problem is with just one creditor, and bankruptcy seems like overkill.

Whatever reasons compel you to look at other ways of resolving debt besides bankruptcy, debt negotiation may be the answer you are looking for. At Gudeman & Associates, P.C., we apply our well-practiced negotiation skills to help many clients find creative ways of dealing with bills they cannot pay.

Types Of Debt That May Be Open For Negotiation

The average consumer may not think of asking a creditor such as a medical clinic to lower the balance due on outstanding debt, including:

But this may be one of the best-kept secrets of financial life: debt reductions through negotiations happen all the time. It is not as hard as you may think to get a creditor to agree to a negotiated settlement, with whatever modifications you need, such as the following:

  • A lower total balance due
  • A lower interest rate
  • Lower minimum monthly payments due
  • A longer payback schedule

Although it is a common practice, it is risky to try debt negotiations on your own without a lawyer as your advocate. A creditor may tell you they will lower the balance due, only to surprise you later with a sudden demand to repay the original balance due. What recourse will you have then? If the creditor gets a court judgment against you, you may face wage garnishment or a bank account levy. To prevent such troubles, work with an established, confident and skilled debt relief attorney.

Work With A Boutique, Full-Service, Fairly Priced Debt Negotiation Firm

At Gudeman & Associates, P.C., we are ready to help you initiate a deal with a creditor and get an agreement settled and secure. Your creditor(s) will likely appreciate the opportunity to prevent the total loss that they might experience if you filed for bankruptcy.

To learn more about how our lawyers can help as your advocates in tough times, call us at 248-546-2800 or send an email requesting a free 30-minute consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.